Kolibri Global Energy (NASDAQ:KGEI) Shares Up 2.2% – What’s Next?

Kolibri Global Energy Inc. (NASDAQ:KGEI) shares were up 2.2% on Tuesday . The stock traded as high as $3.70 and last traded at $3.70. Approximately 63,673 shares changed hands during trading, an increase of 229% from the average daily volume of 19,326 shares. The stock had previously closed at $3.62.

Kolibri Global Energy Stock Performance

The stock has a market cap of $131.87 million and a PE ratio of 7.71. The stock has a fifty day moving average of $3.32 and a 200-day moving average of $3.32. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.17.

Hedge Funds Weigh In On Kolibri Global Energy

An institutional investor recently bought a new position in Kolibri Global Energy stock. National Bank of Canada FI bought a new stake in Kolibri Global Energy Inc. (NASDAQ:KGEI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 43,808 shares of the company’s stock, valued at approximately $140,000. National Bank of Canada FI owned approximately 0.12% of Kolibri Global Energy as of its most recent SEC filing. 27.26% of the stock is owned by hedge funds and other institutional investors.

About Kolibri Global Energy

Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.